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Top Stocks to Benefit From Chandrayaan 3 Mission


On August 23, 2023, India put its foot on the moon with the successful soft landing of Chandrayaan-3. India was the fourth country to achieve this historic milestone of landing on the moon’s lunar surface and the first to conquer its south polar region. The moment marks a giant leap for the country’s economy. It also brings the attention of financial analysts and investors to several listed companies that contributed to the mission and are worthy of investment.   

Stocks to buy after Chandrayaan-3’s successful landing

After Chandrayaan-3’s successful soft landing, stocks of companies belonging to the defence and space sector are expected to reap benefits in the long term. Here are some companies you can add to your portfolio:

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Paras Defence and Space Technologies

The Paras Defence specializes in heavy engineering, defense electronics, defence and space optics, etc. It was the supplier for the navigation system of Chandrayaan-3. 

The company’s share price rose to a new 52-week peak of Rs. 842 per share on the National Stock Exchange (NSE) in late August after the mission’s success.

MTAR Technologies

MTAR technologies supplied equipment like cryogenic engine subsystems, Vikas engines, as well as the booster and turbo pump. It was also the supplier of the PSLV-C25 engine used for mission Mangalyaan. 

After the successful soft landing on August 23, 2023, the company’s stock climbed to achieve an intraday high of Rs. 2,208.95 per unit on the Bombay Stock Exchange (BSE). 

Larsen & Toubro

Larsen & Toubro (L&T) is a civil construction company. It manufactured crucial booster segments for the launch vehicle, including the head-end segment, middle segment, and nozzle bucket flange. 

As of September 4, 2023, the company’s stock is trading at Rs. 2,723 a piece on BSE with a 0.44% gain. In the last week of August, L&T hit a 52-week high of Rs. 2,767 after securing new orders from the Middle East. 

Bharat Heavy Electricals Ltd. (BHEL)

BHEL was responsible for manufacturing batteries for the Propulsion Module and the Lander Module. Its Welding Research Institute (WRI) was responsible for manufacturing and supplying bi-metallic adaptors to support the cryogenic stage of the mission. After the launch, the company’s shares touched a 52-week high of Rs. 113.35 a piece. 

Hindustan Aeronautics (HAL)

HAL is a Public Sector Undertaking (PSU). It contributed to the moon mission by supplying mechanical hardware. The company’s role extended to providing components to the National Aerospace Laboratories (NAL). It also participates in the HAL-L&T consortium aiming to build Polar Satellite Launch Vehicle (PSLV) rockets. 

Amidst the Chandrayaan-3 euphoria on Dalal Street, HAL’s stock price hit a 52-week high of Rs. 4,138.80. 

Mishra Dhatu Nigam

Mishra Dhatu Nigam is a Hyderabad-based PSU engaged in the manufacturing of metal. It provided essential materials like nickel base alloys, cobalt base alloys, titanium alloys, and special steels for crucial launch vehicle components used in the lunar mission. 

On September 4, 2023, the company’s stock hit a 52-week high, climbing to Rs. 435.85 per share. 

Impact of Chandrayaan-3’s success on the Indian economy

The accomplishment of the Chandrayaan-3 mission brings the stocks above into focus. But it also carves an opportunity for hundreds of private space-tech startups in the country. 

These startups are striving to create technologies with real-world utilities, such as OTT, broadband, satellite-based phone signals, 5G, and the operation of solar farms. With the historic achievement of Chandrayaan-3 and the recent private rocket launch, venture capitalists are eyeing the Indian space-tech sector as a lucrative opportunity.

Moreover, India has contributed 2% to 3% to the global economy. After accomplishing one of the biggest milestones, it is expected to contribute around 8% to 10% in the next eight to ten years. 

These economic advancements will develop India as a cost-effective satellite launcher with chances of a global opportunity. A boost in the sectors of defence and aerospace is sure to come. As a result, the economy on the whole will rise. 


Chandrayaan-3 opens the global market for Indian companies. Consequently, while you can earn short-term gains by investing in these stocks, their long-term outlook is also bullish. You must maintain your positions wisely, using any profit booking as an opportunity for long-term entry. But looking at these stocks immediately may not be a good idea if you want to trade. You should wait for potential profit booking to benefit from more favourable entry points aligned with a strategic long-term investment approach. 

Visit Motilal Oswal today to start trading in shares from the defence and aerospace sectors and encash the benefits of this historic achievement.


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